INEOS recognises that chemical pollution can be harmful to ecosystems and biodiversity, whether it is industrial spills or downstream pollution from products at the end-of-life stage.
We are committed to building sustainable chemical value chains that minimise the impact of pollution on the natural world through effective product design and strong stewardship.
We welcome the global biodiversity framework agreed at COP15 in December 2022. In light of potential targets, and forthcoming reporting requirements under frameworks such as the CSRD in the EU, INEOS conducted an initial screening for biodiversity risks at all our manufacturing sites in 2022. This entailed assessing each site based on its GPS coordinates against 17 measures of biodiversity risk to identify those with the most contact with endangered species, protected areas, and key biodiversity areas, as recognised by organisations such as IUCN and UNESCO.
Building on this initial assessment we intend to examine our biodiversity contact points more thoroughly in future years in accordance with the LEAP process advocated by TNFD to identify our dependencies and gauge our impacts, including in the value chain, so we can take targeted action and disclose high quality information for stakeholders.